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Cullinan Metals (OTC:CMTNF) Stock, Option Chain

Cullinan Metals Corp is engaged in the exploration of the company's principal mineral property located in Quebec which is in the exploration stage. The company's project includes Smiley Lithium Project, Lac Chavigny, Lac-Des-Iles West Graphite Project, and the Wakeman Lake Lithium Project.

Penny Stocks

CMTNF

CSE:CMT

Cullinan Metals Signs LOI to Acquire Ontario Lithium Properties

A Diversified Clean Energy Trailblazer

Emerging Markets

Opinion

Markets

Graphite, Copper, and Lithium Prices Skyrocketing

President Biden signed the biggest infrastructure-spending bill of all time. A massive $226 billion is earmarked for projects requiring huge amounts of energy metals. 

CULLINAN METALS CORP by Cullinan Metals Corp.

Cullinan Metals Corp

WestPark Capital analyst Casey Ryan reiterates Innoviz Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) with a Buy and maintains $2.22 price target.

News

Price Target

Reiteration

Analyst Ratings

INVZ

WestPark Capital Reiterates Buy on Innoviz Technologies, Maintains $2.22 Price Target

WIIM

Fomento Economico Mexicano S.A.B. De C.V.

Fomento Economico Mexicano shares are trading higher. The company reported Q4 financial results.

Retail investors are once again proving to be the backbone of <a href="https://www.benzinga.com/trading-ideas/long-ideas">the stock market</a>, stepping in to buy every dip. 
According to JPMorgan analyst Nikolaos Panigirtzoglou, hedge funds, after playing defense for much of 2024, are now quietly rebuilding their positions &#8211; especially in the Magnificent Seven (MAG 7) stocks.
<h2 class="wp-block-heading">Retail's Relentless Buy-The-Dip Fuels The Market</h2>
Despite recent market jitters, retail investors continue to &#8220;buy the dip.&#8221; pouring a massive $79 billion into equity ETFs so far in February, per JPMorgan's data. That's only slightly below January's $92 billion, reinforcing retail's role as the market's backstop.
One ETF in particular stands out &#8211; Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100, spiked on February 25th. This suggests retail traders are staying aggressive on high-growth tech names like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/44001229/us-stocks-likely-to-open-higher-after-nvidias-blowout-earnings-this-is-still-a-bull-market-says-expert">US Stocks Likely To Open Higher After Nvidia&#8217;s Blowout Earnings: &#8216;This Is Still A Bull Market,&#8217; Says Expert</a>
<h2 class="wp-block-heading">Hedge Funds Rebuilding Magnificent Seven Exposure</h2>
Institutional investors, especially hedge funds, were in risk-off mode through late 2024, cutting exposure to the MAG 7 stocks. But Panigirtzoglou's data shows they're now quietly rebuilding positions in these names, a bullish signal for investors tracking institutional flows.
Equity long/short hedge funds, which had low beta exposure in December, have ramped it up in 2025, indicating renewed confidence in growth stocks.
<h2 class="wp-block-heading">Leveraged ETFs: A Double-Edged Sword</h2>
While retail money has been a stabilizing force, leveraged equity ETFs have been fueling volatility. JPMorgan's data reveals these ETFs triggered $19 billion in negative flows over just three days, amplifying the recent market correction.
For traders, this highlights a key takeaway: leverage can cut both ways. 
While leveraged ETFs like ProShares UltraPro QQQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NASDAQ">TQQQ</a>) can magnify gains, they also accelerate sell-offs—something to watch in choppy markets.
<h2 class="wp-block-heading">Takeaway for Investors</h2>
Retail investors remain a powerful force, hedge funds are wading back into the MAG 7. 
But with leveraged ETFs swinging the market, expect more volatility ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43816112/hedge-fund-shake-up-tiger-appaloosa-soros-outperform-buffett-icahn-ackman">Hedge Fund Shake-Up: Tiger, Appaloosa, Soros Outperform Buffett, Icahn, Ackman</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Broad U.S. Equity ETFs

Tech

Trading Ideas

ETFs

AAPL

MSFT

NVDA

TQQQ

February Fever: Retail Investors 'Buy-The-Dip' As Hedge Funds Rebuild Magnificent Seven Bets

Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) shares <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">are trading slightly higher on Thursday.</a>
The merger of legacy Cedar Fair and legacy Six Flags occurred on July 1, 2024,<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43999354/six-flags-entertainment-corporation-reports-2024-fourth-quarter-results-provides-adjusted-ebitda-g" rel="noreferrer noopener"> after the&nbsp;second quarter&nbsp;close.</a>
Accordingly, the reported results presented in this earnings release reflect the financial results for the combined company from Sept. 30, 2024, through Dec. 31, 2024 (fourth quarter).
Quarterly sales of $687.31 million missed the street view of $700.52 million. The increase in net revenues reflects $324 million of the net revenues related to the legacy Six Flags operations added in the merger.
Adjusted EBITDA increased by $120 million to $209 million. The increase in Adjusted EBITDA included $113 million from legacy Six Flags operations and a $7 million increase from legacy Cedar Fair operations, including the impact of the fiscal quarter calendar shift.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/44004387/hormels-q1-earnings-fall-short-of-estimates-amid-lower-margins" rel="noreferrer noopener">Hormel Foods Q1 Earnings: Organic Sales Edge Higher, EPS Misses, FY25 Outlook Intact And More</a>
&#8220;We successfully achieved more than $50 million in gross cost synergies and drove meaningful improvement in guest satisfaction scores and higher guest demand,&#8221; said Six Flags President and CEO Richard A. Zimmerman.&nbsp;
Modified EBITDA margin increased 650 bps to 30.4% from the year-ago period. The combined company reported net loss of $2.76 per share in the fourth quarter.
The company exited the quarter with cash and equivalents worth $83.174 million.
Outlook: For 2025, Six Flags is targeting Adjusted EBITDA of $1.08 billion to $1.12 billion, exclusive of any portfolio optimization efforts.
&#8220;Our 2025 guidance reflects the strong progress we&#8217;ve made to date and our belief in the opportunities ahead as we execute our initiatives to drive higher levels of attendance and guest spending, while realizing cost synergies and maximizing operating efficiencies,&#8221; Zimmerman added.
Price Action: FUN shares are trading higher by 2.52% to $47.15 premarket at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43990066/bitcoin-ethereum-xrp-dogecoin-extend-decline-btc-at-80000-by-mid-april-trader-wonders" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Extend Decline: ‘BTC At $80,000 By Mid-April?,&#8217; Trader Wonders</a></li>
</ul>
Photo via Shutterstock.

Equities

Movers

General

Six Flags Entertainment Q4 Sales Miss Estimates, CEO Highlights Cost Synergies

D. Boral Capital analyst Jason Kolbert maintains Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) with a Buy and maintains $25 price target.

HUMA

D. Boral Capital Maintains Buy on Humacyte, Maintains $25 Price Target

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Alector (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALEC#NASDAQ">ALEC</a>) with a Buy and maintains $7 price target.

ALEC

HC Wainwright & Co. Reiterates Buy on Alector, Maintains $7 Price Target

Keurig Dr Pepper shares are trading lower. The company announced a secondary public offering of 73 million shares.

Stifel analyst Paul Matteis initiates coverage on Compass Pathways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) with a Buy rating and announces Price Target of $11.

Initiation

CMPS

Stifel Initiates Coverage On Compass Pathways with Buy Rating, Announces Price Target of $11

D. Boral Capital analyst Jason Kolbert maintains Compass Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPX#NASDAQ">CMPX</a>) with a Buy and maintains $32 price target.

CMPX

D. Boral Capital Maintains Buy on Compass Therapeutics, Maintains $32 Price Target

BlackRock TCP Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCPC#NASDAQ">TCPC</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.37 by 2.7 percent. This is a 18.18 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $61.25 million which missed the analyst consensus estimate of $65.26 million by 6.15 percent. This is a 20.57 percent increase over sales of $50.80 million the same period last year.

Earnings

Earnings Misses

TCPC

BlackRock TCP Cap Q4 adjusted net investment income per share $0.36 Misses $0.37 Estimate, Total investment income $61.25M Miss $65.26M Estimate

WAVE

Eco Wave Power Initiates Infrastructure Enhancements For Portugal Wave Energy Project

HC Wainwright &amp; Co. analyst Arthur He downgrades LAVA Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVTX#NASDAQ">LVTX</a>) from Buy to Neutral and lowers the price target from $2 to $1.5.

Downgrades

LVTX

HC Wainwright & Co. Downgrades LAVA Therapeutics to Neutral, Lowers Price Target to $1.5

PDSB

PDS Biotechnology shares are trading lower after the company announced up to $22 million registered direct offering priced at-the-market under Nasdaq rules.

Piper Sandler analyst Arvind Ramnani maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Neutral and lowers the price target from $85 to $76.

PYPL

Piper Sandler Maintains Neutral on PayPal Holdings, Lowers Price Target to $76

Piper Sandler analyst Arvind Ramnani maintains Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) with a Neutral and lowers the price target from $44 to $34.

LMND

Piper Sandler Maintains Neutral on Lemonade, Lowers Price Target to $34

Needham analyst Ryan MacDonald reiterates Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) from Hold to Hold.

TDOC

Needham Reiterates Hold on Teladoc Healthto Hold

New Jersey's latest budget proposal could shake up the <a href="https://www.benzinga.com/general/sports-betting">online sports betting (OSB)</a> <a href="https://www.benzinga.com/general/gaming">and iGaming landscape</a>. 
JPMorgan analyst Joseph Greff is ringing the alarm. Governor Phil Murphy's fiscal year 2026 budget plan includes a tax rate hike for OSB and iGaming operators, jumping to 25% from 13% and 15%, respectively.
While this isn't a done deal — last year's proposed increase to 30% failed — the governor's endorsement raises the odds of some form of tax bump passing this time.
Read Also: <a href="https://www.benzinga.com/general/entertainment/25/02/43495392/africas-1-8-billion-gaming-boom-why-microsoft-cant-ignore-mobile">Africa&#8217;s $1.8 Billion Gaming Boom: Why Microsoft Can&#8217;t Ignore Mobile</a>
<h2 class="wp-block-heading">DraftKings Feels The Heat</h2>
If implemented by July 2025, Greff estimates that DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) could take a $52 million to $57 million EBITDA hit next year. That's roughly 5% to 6% of its projected 2025 EBITDA midpoint of $950 million — no small change.
Investors may recall DraftKings already bracing for a $50 million hit in the second half of 2024 due to Illinois' tax hike. This latest proposal would add another hurdle for the sports betting giant.
<h2 class="wp-block-heading">Other Operators In The Crosshairs</h2>
It's not just DraftKings feeling the squeeze. 
BetMGM, a subsidiary of MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), could see a $35 million to $39 million EBITDA impact.
On the other hand, Caesars Digital, a unit of Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) and PENN Entertainment Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) Penn Interactive would take smaller, yet still noticeable, hits of $15 million to $16 million and $3 million to $4 million, respectively.
<h2 class="wp-block-heading">Investor Implications: Who Comes Out On Top?</h2>
While tax increases are never welcome news, Greff suggests that the biggest players — like DraftKings and BetMGM — are best positioned to weather the storm. Their scale and brand power provide some cushion against regulatory shifts.
Additionally, states looking to plug budget gaps could accelerate iGaming legislation, potentially creating new market opportunities. For investors, keeping an eye on legislative developments in New Jersey and beyond could be key to navigating the evolving regulatory landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/25/02/43790659/draftkings-well-positioned-for-double-digit-revenue-growth-analysts-say">DraftKings &#8216;Well Positioned For Double-Digit Revenue Growth,&#8217; Analysts Say</a></li>
</ul>
Image: Shutterstock

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